Vestrics, a Smarter People Planning partner, just released their third book: Optimize Your Greatest Asset – Your People: How to Apply Analytics to Big Data to Improve Your Human Capital Investments by Gene Pease, their Founder. Vestrics is a predictive analytics and workforce optimization solution provider. As with all Vestrics books, there is a plethora of background research, case studies, applied techniques, and industry expert POVs.
What You Will Learn:
The State of Human Capital Analytics- There is a disconnect between what organizations say is important and what they actually do. You will be surprised how much people do with so little. This was joint research between Vestrics & The ROI Institute- Jack & Patti Phillips. (Full disclosure – I collaborated on this research and contributed to Chapter 3: The State of Human Capital Analytics. Go here to listen to the Analytics Chalk Talk about this research.)
How to build a Center of Expertise from those who have done it. It does not have to be as fancy as you think.
Your data will never be perfect! Stop using that as an excuse. Start knocking down other barriers.
Try mini-experiments and use visual hypotheses. (Side Bar: Our customers and stakeholders love visual hypotheses!)
You do not need to be a statistician to get into human capital analytics! Enabling technologies like Vestrics are being developed that allow organizations to deploy advanced analytics without having to have advanced analytical expertise.
Machine learning is revealing and teaching us new, unexpected things.
HR investments can now be customized to specific demographic groups and/or individuals.
HR now needs to be both an analytically based function as well as an empathy based function.
Some Great Quotes:
“Wherever you are, get started now. The future will not be kind to the parties who get to this party too late.” - Ron Lawrence – VF Corporation
“Don’t let perfect be the enemy of good.” -RJ Milnor – Chevron
“Relentlessly prioritize and focus your efforts on the right questions. Questions that are strategy-aligned, create quantifiable value, and can be acted upon.” - Ian O’Keefe – Google
Let me know what you think of the book. Let’s have a discussion here! Contact Smarter People Planning to get started on your analytics journey!
Vestrics In The News:
Vestrics has been a leader in the human capital analytics space long before it was cool or even understood. In fact, Vestrics was recently named to Aragon Research 2015 Hot Vendor List. Aragon Research states:
“What makes Vestrics hot is its ability to measure existing workforce programs and predict outcomes, while also allowing for faster adjustments to be made to optimize program results. Vestrics software allows for the creation of “what-if” scenarios that are directly correlated to business results, but goes even further to establish causality of which factors are truly influencing and driving business impact.”